Market Updates
Stocks Retain Upward Bias as Bond Yields Rise
Mukesh Buch
01 Apr, 2022
New York City
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Investors bid up stocks on the first day of April and second quarter after facing worst return in the previous quarter in two years. A decline in oil price below $100 a barrel and a sustained recovery in the job market also helped the sentiment. 2-year at 2.448% closed above 10-year bond yield. Energy stocks were on the defensive after leading other sectors in the first quarter with 33% surge.
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